Uncertainty over arcade leases

CONCERNS have been raised about the future of Ballina's Wigmore Arcade, with speculation that a large number of retailers won't renew their leases when they expire in December.

The arcade is owned by Ballina Shire Council.

The council today revealed plans for a refurbishment of the precinct, and will also call for expressions of interest from developers for a complete redevelopment and/or expansion of the arcade.

While many retailers agreed the arcade desperately needed to be improved, others said it was too late.

"There is just so much uncertainty," one tenant said.

"I don't know if I'm going to bother renewing my lease. It's not worth it."

But the council's commercial services manager, Paul Tsikleas, said the idea was to inject more life into Wigmore Arcade and improve retailers' future prospects.

"We will be trying to resolve the leasing issues as quickly as possible," he said.



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